Investment goals Essay Example | Topics and Well Written Essays - 250 words

Investment goals - Essay Example Our goals were similar in that we wanted to save the time value of money. Investing in property was likely to yield more profit than getting the interest on our money stored in banks even if we chose to use our savings accounts. All of my long term goals reflect all the stages of the financial life cycle. The financial life cycle primarily consists of three stages; asset accumulation, conservation and protection, and distribution and gifting (â€Å"Stages of the Financial†). For example, I ultimately want to have my own house, and want to save money for the education of my children. These goals coincide with the asset accumulation stage of the financial life cycle. Likewise, I want to maintain such assets through which I can generate my desired income when I am retired. This is achieved in the conservation and protection stage of the financial life cycle. In the same way, I want to have my property distributed among my children as per my wish when I am dead. This is accomplish ed in the distribution and gifting stage of the financial life